Sec. 433. Cyber theft disclosure
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/bill/116/s/4629/is/section-433A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this section— the term Commission means the Securities and Exchange Commission; the terms computer network intrusion and intellectual property have the meanings given those terms by the Commission in carrying out subsection (b); the term Form 8–K means the form described in section 249.308 of title 17, Code of Federal Regulations, or any successor regulation; the terms issuer and securities have the meanings given those terms in section 3(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) ); and the term reporting company means an issuer— the securities of which are registered under section 12 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78l ); or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o(d) ).
Not later than 360 days after the date of enactment of this Act, the Commission shall issue final rules to require a reporting company to issue a timely public disclosure, using Form 8–K, not later than 30 days after the date on which the reporting company first suspects that the intellectual property of the reporting company has been stolen through a computer network intrusion.
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